Budget Office Says GOP-Backed
Spending Bills Will Exceed Goals

By

David Rogers Staff Reporter of The Wall Street Journal

Updated Nov. 2, 1999 12:25 a.m. ET

WASHINGTON -- New White House estimates support findings from the Congressional Budget Office that Republican-backed spending bills will put the government on course to borrow from Social Security funds to meet obligations for the new fiscal year.

Compiled by the White House Office of Management and Budget, the spending estimates are within close range of CBO numbers showing Republicans may borrow as much as $17 billion from the retirement trust funds. While the figures aren't final, the fact that the CBO and OMB reach the...